(IDEX Online) - India's polished diamond exports dropped during November to their lowest point this year, down to $1.25bn.Foreign sales have mostly been declining since the 2022 peak in March, of $2.20bn, although there was a notable bounce in September.Sales in November were down just over four per cent year-on-year, but by almost 34 per cent compared with October $1.89bn, according to figur...Read More

(IDEX Online) - Fugitive jeweler Mehul Choksi, accused of a $1.8bn fraud against the Punjab National Bank (PNB) is facing additional charges totalling another $800m.India's Central Bureau of Investigation (CBI) has lodged a fresh FIR (first information report) detailing allegations against Choksi, 62, his three companies - Gitanjali Gems, Gili India and Nakshatra Brands - and their directors....Read More

Share this article VANCOUVER - Ur-Energy Inc. [URE-TSX, URG-NYSE American] said Monday it will ramp up production at its Lost Creek uranium mine in Wyoming.The move comes after the company said it has expanded the quantity to be delivered into sales agreement that was announced in August, 2022. At that time, the company said it had signed a multi-year sales agreement with a leading U.S. nuclear u...Read More

Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This week's top drill assay comes from Burkina Faso, where West African Resources (ASX: WAF) reported that drill hole M1SRD_0207 at its Sanbrado gold operations returned 25 metres grading 90.17 grams gold per tonne fr...Read More

Stocks fell during the Dec. 12-16 trading period as the U.S. Federal Reserve increased interest rates again to fight high inflation and retail sales figures disappointed analysts. Markets were volatile. The S&P/TSX Composite Index shed 503.79 points or 2.5% to 19,443.28. The S&P/TSX Global Mining Index decreased 2.7 points or 2.4% to 108.3, and the S&P/TSX Global Base Metals Index lost 6.48 point...Read More

The S&P/TSX Venture Composite Index retreated by 1.36 points or 0.2% over the Dec. 12-16 trading period to end at 576.26. Los Andes Copper lost 45 ? to $13.50 over the period after the company said Dec. 9 it was being taken to court over environmental concerns about exploration drilling from 2007 to 2017 on its Vizcachitas project 120 km north of Santiago, Chile. Los Andes said it is fully commit...Read More

The Dow Jones Industrial Average fell 556 points, or 1.7%, to 32,920.46, and the S&P 500 lost 82 points or 2.1%, over the week to 3,852.4.The top value gainer this week was Natural Resource Partners LP which closed US$2.55 per share higher on Dec. 16 at US$45.55 apiece. The company's share price is riding high (up 50% over the past 12 months) amid a generally depressed natural resources sector. Th...Read More

Australia-based ioneer (NASDAQ: IONR; ASX: INR) said on Monday its flagship Rhyolite Ridge lithium-boron project in Nevada has advanced into the final stage of federal permitting.The company said the decision by the U.S. Bureau of Land Management (BLM) to publish a Notice of Intent (NOI) in the Federal Register, was a major milestone towards completing the permitting for the proposed mine. "This...Read More

Canada Nickel Co. (TSXV: CNC; US-OTC: CNIKF) is buying a 100% interest in the past-producing Texmont nickel property, situated between the company's Deloro and Sothman properties south of Timmins, Ont. "The acquisition of the Texmont property provides near-term smaller scale production potential and is highly complementary to our large-scale Crawford and regional nickel sulphide projects, chair a...Read More

Perpetua Resources (TSX: PPTA; NASDAQ: PPTA) announced on Monday that its Idaho-based subsidiary has received a technology investment of up to US$24.8 million under Title III of the Defense Production Act (DPA).The objective of the funding, issued by the Air Force Research Laboratory, is to complete the environmental and engineering studies necessary for Perpetua to obtain the required permits to...Read More

Trevali Mining will sell its 90% interest in the Rosh Pinah zinc-lead-silver mine, in Namibia, to Appian Natural Resources Fund III.The embattled miner has had a difficult financial and operative year. Its president and chief executive Ricus Grimbeek left the company in September following a Burkina Faso court's verdict that found two employees guilty of involuntary manslaughter.The convictions...Read More

Newcrest Mining (TSX: NCM; ASX: NCM) announced on Monday that its chief executive officer Sandeep Biswas is retiring from the role effective immediately, after eight years at the helm of Australia's top gold miner, but will stay as an advisor until March 2023.Chief financial officer Sherry Duhe, who joined the company in February, will step in as interim chief executive while a global internal...Read More

The Panamanian chapter of Transparency International (TI) issued a communiqu?(C) denouncing what the organization deems as a lack of clarity in the negotiations between the government of President Laurentino Cortizo and Minera Panam??, the local subsidiary of First Quantum Minerals (TSX: FM).On Friday, the Panamanian government ordered the Canadian miner to halt operations at its Cobre Panam?? cop...Read More

It's that time of year again.No, not Christmas.Not New Year's resolutions.It's time for our big predictions for 2023!If you've stuck with us Outsiders, you know this year's been a doozy.But it's set us investors up for bargain hunting next year.We still believe there's never been a better time to be an investor.It's simple... the two sectors that have explosive potential next year a...Read More

A lot of the story about the collapse of FTX has been filled in over the past month, culminating with the arrest and pending deportation to the United States of the FTX mastermind Samuel Bankman-Fried.Actually, "mastermind" may be giving Sam too much credit. He appears to be a garden-variety, even boring fraud who simply stole customer money and used it to buy real estate and pay off politicians.T...Read More

(IDEX Online) - Four men arrested during a jewelry raid at a s JCPenney store may be linked to a series of heists that netted $1.5m.The suspects were apprehended as they smashed display cases with hammers to steal diamond jewelry at the at the CoolSprings Galleria, in Franklin, Tennessee, USA.Police say one suspect pepper-sprayed an employee and another tried to grab an officer's gun.There ha...Read More

(IDEX Online) - Manufacturers in Surat says business is down by as much as 40 per cent as the ongoing war in Ukraine depresses markets in the US and Europe.Demand in China, where an easing of Covid restrictions has led to a spike in cases, is also weak. It usually accounts for a round a third of India's diamond exports.Many workers in India's cut-and-polish capital have had their wages c...Read More

My critics sometimes accuse me of being a communist, of all things.I must say, the irony of being accused of being a communist by many of these people is incredibly rich.That's because the policies I advocate in my writings are far, far more "free market" than any of theirs.I find my critics hide behind the slogan of free market capitalism, while practicing something entirely different - crony cap...Read More

Rio Tinto now fully owns Turquoise Hill, which has a 33% stake in Oyu Tolgoi. Turquoise Hill shares will cease trading. The deal was approved by Turquoise Hill shareholders in December 2022.Read More

Investors with an interest in iron ore know what that means because the Simandou project in Guinea has long threatened to destabilise the iron ore market and potentially crash the price of the steelRead More